Firm to Invest $25m in Kaduna Industrial Park

industrial-park
  • Firm to Invest $25m in Kaduna Industrial Park

An indigenous Nigerian company, Tamaidukka Group, with interest in real estate development, oil and gas as well as agro-industry, has indicated interest to develop an agro-based industrial park in Kaduna State.

The company also said it would use soya beans and cotton seed to produce vegetable oils for domestic and industrial use with much focus on export, according to the company’s Chairman, Alhaji Suleiman Leda.

A statement by the firm said the industrial park to be located at Sobawa Layout, Rigachikum in the Igabi Local Government Area of Kaduna State is expected to fully commence operation by January 2019.

It stated that the Kaduna State Government through its Investment and Promotions Agency, the state’s Urban Planning Development Agency and Environmental Protection Agency had given all the required approvals for the project.

The site measuring about 100,000 square metres had been handed over to the company, it stated, adding that it had started deploying workers there for the implementation of the project.

Leda said that the vegetable oil processing plant upon completion would have a daily capacity of 500 tonnes of both soya beans and cotton, noting that “it will also produce 280 tonnes of animal feed.”

He also disclosed that the company’s plan was to create jobs by sourcing its raw materials from local farmers.

“This move alone will create up to 500 jobs directly and another 500 indirectly, and will guarantee a reliable market to hundreds of thousand farmers in the state and neighbouring states,” he added.

Leda further explained that they had decided to invest in Kaduna because of the efforts of the administration of Governor Nasir Ahmed El-Rufai in the state that had made Kaduna investment-friendly “and the favourable disposition of the government to attract industries that will not only create job opportunities but also sustainable market for the farm produce of several farmers.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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